Some people are afraid to file their income tax returns. Why? One fear is that creditors will take it. First of all, private collectors can’t take or garnish your Income Tax refund. Who can? The Federal Government and state government agencies What about a judgment against me for a credit card? They can’t take your […]
It Is Income Tax Refund Time. Who Can Take It From Me? Read Post »
Income Tax VideoELIMINATING TAX DEBT IN BANKRUPTCY The following set out the rules to discharge an IRS debt in Bankruptcy: You can get your IRS transcripts by going to Get Transcript FAQs When I explain the above mentioned rules to clients they look at me glassy eyed. I don’t blame them. The rules are legalistic and confusing. For
Can I Discharge IRS Taxes In Bankruptcy? Read Post »
IRS Taxes VideoMoney is already tight. How are you going to pay your other bills when a creditor is grabbing a big chunk of every paycheck? Garnishment only creates more stress and new financial problems. You CAN do something. Filing for bankruptcy will prevent wage garnishment or stop those creditors from taking any more of your money.
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Garnishments Liens Video WagesAn individual business can reorganize through a Chapter 13. The one limitation is that secured debts must be under $1,184,200 and unsecured debts must be under $394,725. If the debts exceed these amounts the individual will have to file a Chapter 11 to reorganize the business. The benefits of a Small Business Chapter 13 The
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Chapter 13 VideoFirst, it consists of the amount you have not paid. Added are late charges for each month until you are current. Also, when you are behind the mortgage company orders drive-by inspections that they charge to you. And, sometimes they are able to add lawyer’s fees. CAN YOU CURE MORTGAGE ARREARS THROUGH A CHAPTER 13
What Are Mortgage Arrears? Read Post »
Arrears Mortgage VideoYou probably had little choice when you took out a payday loan. You have bills to pay. Your family needs to eat. You probably knew that the interest rate was very high, but again you didn’t have a lot of options. Now the amount you owe has mushroomed, maybe double or triple of what you
CHAPTER 7 When a sole proprietorship simply cannot continue to pay his/her debts a Chapter 7 may be the best option. A sole proprietorship can include a married couple owning the business together. It must be remembered that when a sole proprietor files a Chapter 7 the person is filing the case. So the filing
How Can Individually Owned Businesses File for Bankruptcy? Read Post »
Businesses VideoMost U.S. households cannot absorb an unexpected expense of $500, let alone the double whammy of huge medical bills and loss of income. If you are buried in debt because of ongoing health problems or a recent medical crisis in the family, filing for bankruptcy could be the best solution. Our experienced bankruptcy lawyers have
Relying on “plastic” can become a problem when credit card balances grow too big or your income shrinks. Perhaps you lost your job or had your hours cut. Maybe you were propping up a small business. Maybe you had a medical crisis or other unexpected bills. Or perhaps you were simply living beyond your means.
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Credit Card VideoWhen you go to a 341 meeting, what you must have is your Social Security card, or other proof of Social Security number, and a state issued ID card or driver’s license. Those are the 2 things that are required on the notice sent out by the court. Some Chapter 7 trustees also request copies
What Paperwork/Documentation Should Someone Have At A 341 Meeting Read Post »
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